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Financial Advisor For Business Owners

Small business owners are experts at their core business, but often need assistance with the business of running their business.  Compass Wealth Management can help you create a financial strategy that analyzes your income, assets, and liabilities and grow your small business while protecting you and your company from unforeseen circumstances. We specialize in the following areas:

<strong>Retirement Plans for Individuals and Employees </strong>

Retirement Plans for Individuals and Employees

Starting a retirement plan for your business and your employees can seem like a daunting task. You want to do right by yourself and your employees, but you also don’t want to add undue costs for your business.  There are many retirement plans that provide tax advantages for both employers and employees.  Compass Wealth Management can help you navigate the range of plans and determine what is the best fit for your business and employees.

<strong>Buy / Sell Agreements </strong>

Buy / Sell Agreements

Whether buying or selling a business, there are steps that should be taken to ensure that you get the best price possible.  Sellers want to position their company in the best possible manner so that it appeals to someone who might be interested. Compass Wealth Management can walk you through the steps to take to make your business attractive to potential buyers, as well as helping you figure out who might be interested and what might appeal to them the most about your enterprise.

<strong>Tax Deduction Opportunities</strong>

Tax Deduction Opportunities

The tax code is complicated and there may be deductions that the average small business owner overlooks.  Creating a tax planning strategy can help you reduce your tax burden in the short- or long-term.  Compass Wealth Management can advise on the optimal way to devise such a strategy.

Download "Common Retirement Plans For Business Owners"

A desirable retirement plan offering for your employees can both help attract and retain talent. However, navigating the complexities around administration, costs, and investment options can be difficult, especially when you are actively running that business. To help navigate your retirement plan options we've assembled this easy to understand chart detailing different types of retirement plans. Complete the form below to download our free "Common Retirement Plans for Business Owners" sheet.

<strong>Protecting your Biggest Asset </strong>

Protecting your Biggest Asset

Your business is your biggest asset, but many entrepreneurs fail to properly protect that asset because they don’t recognize the potential liabilities. You don’t want to be underinsured, but you also don’t want to be over insured.  Compass Wealth Management can help you select the right amount for your business and circumstances.

<strong>Key Person Insurance</strong>

Key Person Insurance

Key person insurance, a life insurance policy a company buys on the life of a top executive or another critical individual, protects against the death of someone whose death or disability might be catastrophic for that company. For small businesses, that may be the founder or owner, but it can also be an employee with a specialized skill. Compass Wealth Management can help your business determine if this type of insurance might protect your business in the event of the loss of a crucial person.

<strong>Disability Insurance </strong>

Disability Insurance

Disability income insurance is available for short- or long-term coverage and provides insured individuals with income when they can no longer work because of an accident, injury, illness, and/or disability. This can be a much-needed source of income if the owner or founder is disabled, for even a brief time. Compass Wealth Management can guide you in selecting the right disability insurance for your needs.

Schedule An Appointment

The best place to start when determining the financial and insurance needs of your small business is a meeting with Compass Wealth Management. As a SmartVestor Pro, James Greno and the team at Compass Wealth Management believe everyone deserves access to solid, professional financial and insurance guidance. Click here to Schedule an Appointment. 


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